Lakeway, NY -- (SBWIRE) -- 03/13/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Yandex NV (NASDAQ:YNDX) shares fell 7.31% to $23.20 after the company yesterday announced the commencement of an underwritten public offering of an aggregate of 24,253,987 Class A shares by existing shareholders BC&B Holdings B.V., Belka Holdings Limited, Ilya Segalovich and Emerald Trust. The selling shareholders have also granted the underwriters of the offering an option for 30 days to purchase up to an additional 2,425,399 Class A shares. Yandex will not receive any proceeds from the offering.
Is YNDX a Still a Buy after the Solid momentum? Let’s Find out Here
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) shares fell 6.96% to $1.07 after the company today announced that it has signed a forbearance agreement with the holders of more than 60% of the Company's 3% Convertible Notes (the "Notes"). Under the forbearance agreement, in the event the Company does not make payments due under the Notes on March 15, 2013, the signing bondholders agree not to exercise their rights under the Notes and the related indenture until May 15, 2013, subject to certain market-standard early termination events.
Is STP a Strong Buying Opportunity After The Recent Slump? Find out Here
Seven Arts Entertainment Inc(PINK:SAPX) shares is trading at $0.0045. The company, on Feb. 20, announced its results of operations for the quarter ended December 31, 2012. The Company recorded a gross loss of ($84,288) on total revenue of $182,797 for the quarter ended December 31, 2012 compared to a gross loss of ($412,686) on revenues of $207,790 for the quarter ended December 31, 2011.
Should SAPX Buy After The Recent Movement? Let’s Find out Here
Scientific Games Corp(NASDAQ:SGMS) shares dropped 6.81% to $8.27 in the early hour after SGMS and WMS Industries Inc. (NYSE: WMS) yesterday announced that the companies received notice from the Federal Trade Commission of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") in connection with Scientific Games' proposed acquisition of WMS.
Additionally, the company yesterday reported fourth-quarter net loss of $24.7 million or $0.29 per share, compared with $8.5 million or $0.09 per share last year. Revenues for the quarter were up 4% at $249 million, compared with $239 million a year ago. Analysts estimated earnings of $0.05 per share on revenues of $237.15 million for the quarter.
Should SGMS Buy After The Recent Movement? Let’s Find out Here
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